U.S. Sues to Block Tech Deal in First Antitrust Action of Trump Term

[placeholder]

The Justice Department on Thursday moved to block Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks, the first deal to be challenged by antitrust enforcers during President Trump’s second term...

The suit came as many in corporate America had expected that a lighter touch under Mr. Trump would unleash a wave of deal making after four years of tough scrutiny by the regulators under former President Joseph R. Biden Jr. But the attempt this week to stop the tech deal suggests there may more consistency between the Biden and Trump administrations on antitrust enforcement than some had thought.

https://archive.ph/q8i0B#selection-4701.0-4701.400

 

This is a pleasant surprise. Thought, it won't be a surprise if it gets reversed. During the first Trump administration, antitrust enforcement actions plummeted by 2/3. Still, for now, it looks good.

[stevenl]

13 minutes ago, placeholder said:

The Justice Department on Thursday moved to block Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks, the first deal to be challenged by antitrust enforcers during President Trump’s second term...

The suit came as many in corporate America had expected that a lighter touch under Mr. Trump would unleash a wave of deal making after four years of tough scrutiny by the regulators under former President Joseph R. Biden Jr. But the attempt this week to stop the tech deal suggests there may more consistency between the Biden and Trump administrations on antitrust enforcement than some had thought.

https://archive.ph/q8i0B#selection-4701.0-4701.400

 

This is a pleasant surprise. Thought, it won't be a surprise if it gets reversed. During the first Trump administration, antitrust enforcement actions plummeted by 2/3. Still, for now, it looks good.

I don't think he has tried to put his signature on anything there. Will change soon in favor of the merger.